The Collaborative International Dictionary of English v.0.48:
Olefiant \O*le"fi*ant\, a. [F. ol['e]fiant, fr.L. oleum oil + -ficare (in comp.). Cf. -Fy.] (Chem.) Forming or producing an oil; specifically, designating a colorless gaseous hydrocarbon called ethylene (olefiant gas). [Archaic] [1913 Webster] olefin